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Economic Theory Vs Practice In 1 Cartoon

Tyler Durden's picture




 

...but stocks are at record highs...

 

 

h/t @butifulabsurdt

 

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Sat, 08/02/2014 - 19:07 | 5038884 max2205
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+1

Sat, 08/02/2014 - 19:16 | 5038906 AlaricBalth
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Q. What's the difference between an economist and a befuddled old man with Alzheimer's?

A. The economist is the one with the calculator.

Sat, 08/02/2014 - 19:42 | 5038968 Hugh G Rection
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Economics is best left to our intellectual elite masters.  We can't comprehend things like the constitutionality of the Federal Reserve.

Nope, don't worry about it sheep..

Here, watch these sexy girls shake their asses instead.

Sat, 08/02/2014 - 20:31 | 5039067 kchrisc
kchrisc's picture

Yup, not in the Construction so therefore the Rothschild Fed is criminal before one even considers the deposit theft and counterfeiting ponzi they are running.

 

"Guillotine the Fed. Then work your way down the tree of blood that is the banking system."

Sat, 08/02/2014 - 23:35 | 5039509 A Nanny Moose
A Nanny Moose's picture

Moderin Economics....where Tits and Ass are production.

Sat, 08/02/2014 - 21:21 | 5039172 Yen Cross
Yen Cross's picture

 The economist asked the alchemist why his life was in such disarray.

 Low and behold, the alchemist answered, " Have you flushed"?

Sun, 08/03/2014 - 03:49 | 5039740 ugmug
ugmug's picture

Tom Toles, the person who drew the political cartoon, use to work for the Buffalo News where he was a HUGE communist liberal. Toles was such a good leftist liberal that the Washington Post newspaper hired him away from the Buffalo News to go work for them.

I'm shocked..... really, really, shocked.......that he would create a political cartoon that would attack ANY liberal administration, especially Obama.

If Obama lost Tom Toles this is equivalent to Nixon losing Walter Cronkite.

Obama is in deep trouble with the left......

 

Sun, 08/03/2014 - 08:54 | 5039963 Caggge
Caggge's picture

Lost from what? It' s not like there is another election for him to win.

Sun, 08/03/2014 - 16:16 | 5041284 ugmug
ugmug's picture

Every liberal is finally realizing that their intellectual compass hasn't moved no matter which way they point it. 

Sat, 08/02/2014 - 19:07 | 5038888 Da Yooper
Da Yooper's picture

Figures dont lie

 

BUT

 

Liars sure can figure

Sat, 08/02/2014 - 19:16 | 5038902 BurningFuld
BurningFuld's picture

Please lower your survival expectations. There is nothing wrong with Alpo and boiled potato skins.

Sat, 08/02/2014 - 19:49 | 5038979 The Alarmist
The Alarmist's picture

Alpo?  Boy, you be livin high on the hog!

Sat, 08/02/2014 - 22:06 | 5039279 KnuckleDragger-X
KnuckleDragger-X's picture

Really you must be one of them rich fellers who buy that there name brand stuff....

Sat, 08/02/2014 - 22:16 | 5039307 Da Yooper
Da Yooper's picture

I have worked my way up to earthworms you guys are rolling in the $$$$ to be able to afford Alpo

Sat, 08/02/2014 - 19:16 | 5038904 Skateboarder
Skateboarder's picture

Here's a good one:

"Engineers and scientists will never make as much money as business executives. Now a rigorous mathematical proof that explains why this is true:

Postulate 1: Knowledge is Power.
Postulate 2: Time is Money.

As every engineer knows,

Work
----------      =     Power
Time

Since Knowledge = Power, and Time =Money, we have

Work
---------       =     Knowledge
Money

Solving for Money, we get:

Work
-----------     =     Money
Knowledge

Thus, as Knowledge approaches zero, Money approaches infinity regardless of the Work done.
Conclusion: The Less you Know, the more money you Make."

Sat, 08/02/2014 - 19:21 | 5038920 Bluntly Put
Bluntly Put's picture

Engineers worry about the process, how to improve the process or extract as much from the process as possible. Managers objectify the process as a commodity, thus removing themselves from both quality and assurance, that is what programs like total quality management are for; the appearance of quality and assurance.

.

Sat, 08/02/2014 - 19:23 | 5038925 MsCreant
MsCreant's picture

I hear blunt puts are popular with certain colorado business owners...

Sat, 08/02/2014 - 19:28 | 5038936 Skateboarder
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This is my fantasization of Colorado:

-- office scene, manager comes up to an engineer's desk --

"You seen Dave? I need him to process this job immediately."

"Nah, he just stepped out for a blunt break."

"Dawwwg! Ima hit that shit too. Peace!"

Sat, 08/02/2014 - 19:58 | 5038991 Pie rre
Pie rre's picture

I prefer the capsules to smokiing.

Sat, 08/02/2014 - 19:29 | 5038938 CrazyCooter
CrazyCooter's picture

To be fair, some problems are business problems and some problems are engineering problems. They are really very different critters.

Politics is what fucks everything up. And that dimension will be with humanity until our fucking star goes dark (not that we will last that long).

I realized all this a few years back and moved away from the city ... I enjoy life now ... for as long as it is enjoyable. Go for a walk, listen to music that excites your emotions, eat food that satisfies. And have a couple beers. Do all of that with your best friend for life.

Regards,

Cooter

Sat, 08/02/2014 - 19:39 | 5038958 infinity8
infinity8's picture

Seriously, one of the best comments Ever!

And, someone above is trying to fuck up some potato skins by boiling them. . . cherish them and, the next day, heat them in the oven 'til hot-n-toasty. Then, add butter and salt and eat as-is or, make them your bread and stuff w/meats and cheeses and vegetables and have a potato skin sandwich :)

Sat, 08/02/2014 - 20:01 | 5038995 The Alarmist
The Alarmist's picture

After my time in the war, I interviewed for a few engineering jobs, but apparently there are jobs that Americans will take but for which American companies are not willing to pay a free-market rate (Which explains the AmCham's obsession with immigration "reform" and hiring H1B types to do the work they claim American's cannot do).  Anyway, I took my engineering brain to Wall Street, where they actually paid engineers what they are worth.  Then I got tired of earning a merely good paycheck and decided I wanted to be an executive, but I found myself too often bogged down in making sure my formulae and spreadsheets tied together nice and neat, which is not as easy as it might sound when you do business plans, budgeting and scenario analyses, since those quite often involve some plug or filler element that represent the "A miracle occurs here" box we've all seen on that blackboard full of equations.  Worrying about things being traceable back to reality can be poisonous to a career; I realised early on that a lot of time can be saved for more useful things like schmoozing if you simply make shit up.  Everyone who is anybody does it, and when things just don't work out as the model might have predicted if it had been well formulated, you simply blame the deviation on things like the weather or "un-predictable" political risks (as if any of those are actually unpredictable).

Sat, 08/02/2014 - 20:09 | 5039014 infinity8
infinity8's picture

So, you had a problem with all of the bullshit.

Welcom to Zerohedge.

and i'm not tryin' to be an asshole/

Sat, 08/02/2014 - 21:44 | 5039226 EBT excepted
EBT excepted's picture

I'd rather be on EBT bra...

Sat, 08/02/2014 - 20:03 | 5039000 NoDebt
NoDebt's picture

I was going to be working to get an old Arctic Cat 90 ATV running today for my son.  

Nearly a dumpster-save, the economic problem is small.  Very little money is involved.

The engineering problem is significant, but likely solvable since I have decent skills as a mechanic.  

The political problem, however, is insurmountable.  My wife wants me out of the garage to do things for her.  Project: cancelled.

I do believe you're right, Cooter.

 

Sat, 08/02/2014 - 20:16 | 5039028 infinity8
infinity8's picture

OOWwww! The engineering problems are the fun ones. . . tell her to quit breaking your balls.

Sat, 08/02/2014 - 20:37 | 5039070 NoDebt
NoDebt's picture

I know.  I love fixing broken shit.  Especially if it's so broken others have given up on it.

If I needed to ride this ATV to work on Monday, it would be worth the battle.  Gotta pick your battles wisely with your wife.

 

Sat, 08/02/2014 - 21:50 | 5039244 infinity8
infinity8's picture

Yeah but really, how many times have you fixed the fuxking washing/machine - dishwasher so she can go buy some shoes? over it. I've never been able to throw away anything that might be useful, and no5hing feels as good as making "broken" shit work again.    

Sat, 08/02/2014 - 23:51 | 5039541 Miffed Microbio...
Miffed Microbiologist's picture

It's funny but I have never asked Mr to fix anything for me. I simply pull the thing apart and try to do it myself. Then Mr comes in and says something to the effect " Dear fucking God, that is not the way to do that!" Then he grabs my tools, pushes me aside and gets busy at it. I start to slink away smiling in my achievement of brilliant female manipulation. Suddenly I feel a tight grip on my arm. " where do you think you're going? Put these bolts in your pocket. Now hold this wrench here tight as I loosen the fitting above."

*Sigh*

The shoe shop never gets my patronage but that's ok by me. Doing projects with a man who thinks you're worth his attention is quite rewarding.

Miffed;-)

Sun, 08/03/2014 - 07:15 | 5039863 NoPension
NoPension's picture

So Sat, on a one hour drive to family reunion, the Wifey decides to start pushing the buttons. It's mostly my fault, I don't talk to her. I married her thirty one years ago, and it was for the tits. If I want to know what happened on the Bachelorette , she's my gal.
So she ponied up the 4" of shoe moulding I never installed 10 years ago when doing hardwood floors. I reminded her, shoe moulding comes in 10' pieces, and it don't understand, if it's so important to you , why after 10 years you haven't tried to do it yourself. You could have picked up a piece, and by now, be an expert. If it's that important.
Well, that was a fucking mistake. After 31 years, I know better. There was no escape. That witch screamed at me for 45 minutes, til she finally ran out of shit to say.

The lesson. ( and I know this already) It's not about the moulding. It's about the life she has, not perfect enough, and MY fault. And if the moulding gets fixed, TWO things take it's place.

There are lessons in there for you youngsters. Number one, want something done, do it yourself.

Sun, 08/03/2014 - 12:13 | 5040396 Miffed Microbio...
Miffed Microbiologist's picture

You have affirmed my decision how to treat my husband after 30 years of marriage and I thank you for it. I had come to the realization men don't respond well to nagging after watching countless women do it and observing their blank dead stares. I was incredulous they kept doing such a pointless ineffectual action that only caused frustration on both sides. I decided I would learn as much as I could about men so I could communicate effectively.

The first thing I discovered was men be respected as well as have respect for another. This is foundational. Once respect is lost, it is very difficult, if not impossible to recover. My husband and I have disagreements but they are respectful. I respect his nature as a man and would never ask anything of him that would be against his nature such as treat him like a chatty girl friend. He does the same for me. Having this foundation makes the scenario you described never happen between us.

If you had pointed out to me I had left the moulding sit for ten years, I would have looked you straight in the face and said " You are absolutely right and I am ashamed of this. Would you be so kind to show me how to start one piece so the job is done correctly?" I'm pretty sure you would do so. Then when I got to a corner, I would ask you how to cut it properly. I'm pretty sure you'd help me with the band saw. As I progressed I'd call you over to see my work and accept criticism if needed. After it all was done, I think you'd have some respect for my effort even though you know you could have done a better job.

My husband married me for my tits too. He's still fascinated with them. But he loves me for my vibrancy, kindness,gentleness and perception. I am honored to have his love and respect. And I am sorry you listened to 45' of bitching. That was disrespectful and pointless.

Miffed;-)

Sun, 08/03/2014 - 13:39 | 5040728 FreedomGuy
FreedomGuy's picture

Brilliant and refreshingly honest.

Sun, 08/03/2014 - 16:27 | 5041316 UggSmash
UggSmash's picture

What a refreshing thing to read :-)

Sun, 08/03/2014 - 12:16 | 5040402 All Risk No Reward
All Risk No Reward's picture

The #1 lesson is marry the right spouse.

The problem is that so many people fake it right up until the marriage.

Caveat emptor.

 

Sat, 08/02/2014 - 20:13 | 5039024 Da Yooper
Da Yooper's picture

I realized all this a few years back and moved away from the city ... I enjoy life now ... for as long as it is enjoyable. Go for a walk, listen to music that excites your emotions, eat food that satisfies. And have a couple beers. Do all of that with your best friend for life.

Regards,

Cooter

 

I did the same thing

 

it just was not worth the hassel anymore

 

thats why I am

 

here

Sat, 08/02/2014 - 21:47 | 5039234 EBT excepted
EBT excepted's picture

better to gain wisdom later, than not at all...

Sat, 08/02/2014 - 23:15 | 5039470 dhengineer
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Yeah, I was told essentially that when I finished my Master's in Civil Engineering waaaaay backin '82.  My professor told me that I had the tools to design just about anything I would ever be assigned to do.  The only thing standing in my way would be the money guys and the politicians (government and company upper-level blowhards).

So true.

And I, too, have left the field and am now enjoying my garden, my cats, my wife of 38 years, and my little house in the country.

Screw the rat race.

Sun, 08/03/2014 - 04:45 | 5039778 barre-de-rire
barre-de-rire's picture

u fucking nihilist faggot.

how the fuck you wanna raise an economy with such people

 

/S

Sun, 08/03/2014 - 06:57 | 5039847 what's that smell
what's that smell's picture
.....Fucking  1. The man's erect penis rapidly thrusting back and forth in the woman's vagina (or an anus).  2. The woman's vagina (or an anus)rubbing up and down on the man's erect penis.  3. The action of the penis penetrating an object or a person.  4. An insertion of the vagina that is pleasing to the woman. .... nihilistic A word that nobody really knows what it actually means but is often used by pretentious book and film critics so that they can feel smug. ...... faggot In these times not really used if somebody is really a homosexual mostly used insteap of calling somebody stupid or a loser. ..... what's your point?
Sat, 08/02/2014 - 19:57 | 5038990 FreedomGuy
FreedomGuy's picture

The difference between the two is important. I did a presentation on why the American automobile companies were failing about a decade ago. Here is my shorthand difference between the two.

Exec.: We have a problem. Sales are continuing slide year over year. What do we need to do?

Engineer: We need to buld a better car.

Marketing: We need a better advertising campaign.

Exec.: Building a better car takes a long time and lots of retooling and retraining. Let's drop a half billion in a quick ad campaign that gives our cars a sexy/sporty/family/manly/sensible image. Hire cheerleaders/race drivers/grandma/cowboys/metrosexuals to be in the ads and create the image.

Okay, on the the nexxxxxt problem. The unions want a 5 hour work day, foot massages at lunch and to overhire by 10% or they go on strike. Hmmmm.

Sat, 08/02/2014 - 20:35 | 5039078 Emergency Ward
Emergency Ward's picture

Nexxxt problem solution: Let's run double production shifts with lots of overtime for the unions and we'll stuff the channels with unsold cars and worry about it next quarter.

Sat, 08/02/2014 - 22:28 | 5039338 FreedomGuy
FreedomGuy's picture

Yup. In the end it is actually management's fault. Whether they are agreeing to wages that are too high or cutting corners.

My theory is that a company goes through three phases.

Phase I. Inspirational phase. This is where the founders are. They have some sort of inspiration and actual expertise. They usually have an actual passion for whatever they are doing whether it is building a car or a better cup of coffee. This is the funnest and most profitable time to work for a company. Once the founders and maybe first generation are gone you go to the next phase.

Phase II. The Professionals. These are the no nonsense guys. They have degreees and connections from Wharton, Yale, etc. They are actually pessimists and do not have any particular passion for the products or services. They stick to tried and true, take only limited risk on the advice of consultants and the solution to all things is "Work more hours.". They do work very hard and occassionally write a book about working hard. They are not as good or as smart as they think or their paychecks would indicate. The gradual downhill slide begins with these guys and gals. fWhen it gets to the point of the obvious the next phase occurs.

Phase III. Salvage. The company is continuing to fail. The last CEO has exited with a grand severance package and now a finance guy takes over. It is always a finance guy. Finance guys should never ever run any company including finance companies. They hate all businesses and the fact that there are any employees. Their basic theory is "We could save a ton of money if we fired everybody." They don't like cars, coffee or puppies. They are tasked with chopping the company down to size to get expenditures below revenues. They do not waste time trying to make better products or services. They are in the salvage mode. In the end, business continues to deteriorate until the company files bankruptcy or is bought by another or merges with another often equally weak company. This is the death of the original company.

Most of us work in Phase II companies. This is actually where most of the misery is.

Sat, 08/02/2014 - 23:47 | 5039531 armageddon addahere
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In other words, every organ grinder needs a monkey to collect the money but you don't let the monkey call the tunes.

Sun, 08/03/2014 - 03:09 | 5039713 FreedomGuy
FreedomGuy's picture

Actually it is either "Work for yourself." or find a startup and get on board.

Sun, 08/03/2014 - 07:35 | 5039879 NoPension
NoPension's picture

I was partners in an auto repair shop. It was when R-12 ac refrigerant was being phased out. 90% of the old cars had r12, and peeps wanted ac. They would come in Springtime, we would blow in a pound and a half, and they were good to go for the summer.
Well r12 in a 30# keg, got to $600. Actually, $600 was a good price, if you could find the stuff. That's $20 a pound. I was charging $49 a pound, and $69 for the service. So for $150,a poor slob with and old car, could have ac, at least for another season. That's how most folks have to roll.
Most of my competition couldn't cover the $600 up front cost for the r12.
So I was it. And I knew it. So I got a deal offered, and good terms, and bought 4 kegs one June. $2400. My partner's wife, who kept the books, freaked the fuck out.
And in July, when I bought another 4 kegs for $2400, I thought she was going to have a cardiac! You just bought 4. Last month! WTF!

Now there was an idiot! ( I sold out not long after)

Mon, 08/04/2014 - 07:45 | 5042977 NoPension
NoPension's picture

And for those who didn't get it, I was selling out. You do the math!

Sat, 08/02/2014 - 20:01 | 5038994 Yen Cross
Yen Cross's picture

Nice work , Skateboarder.  ;-)

Sat, 08/02/2014 - 20:38 | 5039085 kchrisc
kchrisc's picture

My guillotine and I can engineer a change in those equations.

The math:

Guillotine x banksters x their treasonous pol and crat puppets = much fewer banksters and treasonous pols and crats

Fewer banksters and treasonous pols and crats + sound money = productive society

Productive society + engineers and scientists = prosperity and happiness.

Sun, 08/03/2014 - 04:48 | 5039780 barre-de-rire
barre-de-rire's picture

to change world, only 1 rule to delete from economy. forbid  the behavior consiting to do [this year benefit]=[last year same date benefit]+[% progress] that is ruining any local economy.

growth cannot be infinite,  accept the fact we cannot infinitly go bigger.

Sat, 08/02/2014 - 19:17 | 5038907 Caviar Emptor
Caviar Emptor's picture

If you can't follow the script and shop till ya drop, you are useless

Sat, 08/02/2014 - 19:19 | 5038908 29.5 hours
29.5 hours's picture

 

 

Before hedonics, there was Schrödinger's cat.

 

 

Sat, 08/02/2014 - 19:18 | 5038912 MsCreant
MsCreant's picture

If Clinton can redefine what will go into inflation calculations, I suppose they can redefine what an economy is too!

Sat, 08/02/2014 - 19:35 | 5038945 Skateboarder
Skateboarder's picture

Economy: A network of computers sending TCP/IP packets to each other.

Done, bitchez!

Sat, 08/02/2014 - 20:42 | 5039094 kchrisc
kchrisc's picture

The universal rule of measurement and counts by government is:

"That which government measures or counts government intends to steal or kill."

Hence the government’s preoccupation with "economic measures."

 

"My guillotine is 8' x 12' x 9."

Sat, 08/02/2014 - 21:50 | 5039245 EBT excepted
EBT excepted's picture

roll the gullotines...the reason for which the wheel was invented...

Sat, 08/02/2014 - 23:47 | 5039534 kchrisc
kchrisc's picture

The reason blade sharpeners were invented.

Sun, 08/03/2014 - 01:37 | 5039657 MsCreant
MsCreant's picture

LMAO! Except that is just true!

Sat, 08/02/2014 - 19:38 | 5038951 Peter Pan
Peter Pan's picture

It behoves us to remember that the classical Greek meaning of economy (oikonomia) was household management. The reality therefore is that without healthy and well managed households the reality of a healthy, sustainable national economy is not attainable.

Sat, 08/02/2014 - 20:05 | 5039006 The Alarmist
The Alarmist's picture

The ancient Greek philosophers also stressed "Know thyself" and "Nothing to excess," maxims which are lost on the hedonistic iPhone generation who can't be left alone with their own thoughts for more than 10 seconds.

Sat, 08/02/2014 - 20:43 | 5039056 ebworthen
ebworthen's picture

.gov and Wall Street are laughing at your definition, but you are absolutely correct.

Their goal is to crush individual households and run government and industry like a whore-house.

We are the whores, they are the pimps and madams.

Sat, 08/02/2014 - 19:30 | 5038940 Spastica Rex
Spastica Rex's picture

Dude just needs a survival wage.

Sat, 08/02/2014 - 19:33 | 5038946 Peter Pan
Peter Pan's picture

Considering the rapid pace of robots replacing humans, the cartoon is not far from the truth.

Finance and economics have increasingly divorced themselves from the concept of the common good and the system's survival is now paramount.

A bit like throwing passengers overboard to keep the ship afloat.

Sat, 08/02/2014 - 19:48 | 5038980 Salsipuedes
Salsipuedes's picture

Yes, but the "ship" (of State) carries such precious cargo! Just Nancy Pelosi's make-up kits weigh a ton. And McCain's old lady could crack like a China Doll!. It's all about priorities.  - Chelsea, N.Y.C.

Sat, 08/02/2014 - 19:43 | 5038969 firstdivision
Sun, 08/03/2014 - 12:03 | 5040369 Comte d'herblay
Comte d'herblay's picture

 

Rememeber, it's never about what the headline says.  There is always, but always, some other motive for the things that are happening devised and directed by human beans, never as 'purely driven' as an asteroid, ten miles wide headed for Siberia. 

 

(Goddamnit!! Tyler, will you stop with that fucking full page EMIRATES vid and put it in a little box on the side)??

Sat, 08/02/2014 - 19:48 | 5038973 SmackDaddy
SmackDaddy's picture

what the fuck would a [pulitzer prize winning: rolls eyes] cartoonist know about it?  about as relevant as what Pat fucking Sajak thinks...

Sat, 08/02/2014 - 20:04 | 5039005 LetsGetPhysical
LetsGetPhysical's picture

Probably about as much as Nobel prize winning economist or a Nobel peace prize winning president. 

Sat, 08/02/2014 - 20:07 | 5039009 FreedomGuy
FreedomGuy's picture

This cartoon would line up perfectly with government measures of inflation, as well. I believe food and fuel were taken out of the basket long ago.

Sun, 08/03/2014 - 07:43 | 5039888 NoPension
NoPension's picture

They are very volatile, and tend to move the equation faster.

I understand why they were removed.

Sun, 08/03/2014 - 08:48 | 5039955 headhunt
headhunt's picture

and have the inconvenient tendency to expose the truth

Sun, 08/03/2014 - 12:00 | 5040363 Comte d'herblay
Comte d'herblay's picture

Volatile??? That means they vary widely up and down.

 

They move relentlessly up, up, up.  That's not volatile, but totally predictable. You can plan for it. Not that it will do much good unless your wage is keeping up or slightly ahead of them.

Sun, 08/03/2014 - 13:36 | 5040714 FreedomGuy
FreedomGuy's picture

They are volatile and do move...and are a vital part of an economy that cannot be ignored. They will move with inflation, as well. One evens the numbers out by doing 100 day moving averages or something like that. The other problem of leaving them out is it can hide the costs of government intervention. For example, you start something stupid like mandatory ethanol addition to fuels. This ratchets up the price of corn dramatically. More acreage goes to corn reducing the acreage for other crops. All crops go up. Beef goes up because it is grain fed, and so on.

To be honest, this is not true inflation by the text book, but it counts toward rasing the price of living.

Sat, 08/02/2014 - 20:34 | 5039077 XitSam
XitSam's picture

Cartoon just plain wrong.  Liberals have been touting "living wage" for a long time.

Sun, 08/03/2014 - 07:44 | 5039892 NoPension
NoPension's picture

" how do they expect me to raise a family on Micky D or Wally World wages?"

Sun, 08/03/2014 - 09:35 | 5040027 robochess
robochess's picture

they don't. They expect you to upgrade yourself, willingly putting in an effort for more training, more education, and understand that flipping a fucking burger requires ZERO skill.

Sun, 08/03/2014 - 10:19 | 5040067 messymerry
messymerry's picture

I downrated you because I don't want to have to haul my own trash, clean my sewer, or cook my own food all the time.  Sometimes I want to go out to eat, or have someone mow my lawn, or as in the case of "Married With Children", sell me a pair of shoes.  Not everybody can be a billionaire software developer.  We need mundane tasks for people that are not all that smart and educated, and by Gum, they need to make a living wage.  What should be going to these people is being stolen by the Banksters and their countless minions with houses in the Hamptons...  We've glorified greed and self-service.  What kind of world do you expect when you've glorified greed and self-service????  We reap what we sow. 

Jesuis was right about the moneychangers:  Topple their tables, whip them with scourges, and run them out of the temple!!!!! 

Sun, 08/03/2014 - 10:43 | 5040131 all-priced-in
all-priced-in's picture

"I don't want to have to haul my own trash, clean my sewer"

The folks that work on the garbage truck make a good wage -  they also work their asses off - so they earn it.

You tried to hire a plumber lately? They make as much as a dentist.

 

 

 

Sun, 08/03/2014 - 11:37 | 5040271 messymerry
messymerry's picture

While that's true, I will note that a goodly percentage of thier exorbitant rates are eatern up by "regulated" insurance companies, and by "regulated" healthcare providers, and by "regulated" licensing agnecies, and by the highest corporate income tax on the planet.

At least you didn't challenge my thesis that waaaay too much money is being eaten up by MBAs that do nothing more than sit on their greedy self-serving fat asses all day and play shell games with digital money stolen from the peasants.

Thanks for the reply,,,   ;-D

Sun, 08/03/2014 - 13:47 | 5040758 all-priced-in
all-priced-in's picture

If you are against regulations

"exorbitant rates are eatern up by "regulated" insurance companies, and by "regulated" healthcare providers"

 

Why would you want additional regulations imposing higher wages on private business?

 

There is a reason a company pays someone $8 an hour - and there is also a reason someone agrees to work for $8 an hour.

Good chance -

From the business owner's perspective the person/job is only worth $8.

and

From the employee's perspective they can't find a job that pays them any more.

What I don't understand is why so many folks think that some ass hole politician can determine the correct pay rate of someone they have never met - that works for a business they know nothing about - better than the guy that owns the business and the employee that works the job. 

I would be like you hiring someone to clean out your sewer that didn't know - in a sewer pipe shit flows downhill.

 

 

 

 

 

 

Sun, 08/03/2014 - 19:55 | 5041953 messymerry
messymerry's picture

Thanks for all the replies you guys.  The fact is that we are not in an economic collapse.  We are in a socio-economic collapse.  The social contract has been gutted and the banker class is sucking up all the resources.  Trust is now a forlorn memory.  Add to that the automation and movement of jobs out of the U.S. and we have a large population of disenfranchised workers adrift and frustrated and as we all know, idle hands breed mischief.  This pressure cooker is about to blow up in our faces. 

No, I do not promote additional regulation.  I did not say that the government should insure adequate pay.  The simple fact is that we now have two classes that corporations respond to.  The customer class and the consumer class.  How is that working out for you???  You can also see that about the same time that corporations started answering to Wall St. is the same time that "consumer" ( a God Awful term if there ever was one) came into popular use.  That is also about the same time that the asshats at corporate stopped paying living wages.

I will repeat myself.  The money is being stolen by the moneychangers (read banksters, et. al.) and they should held accountable.

Sun, 08/03/2014 - 11:56 | 5040352 Comte d'herblay
Comte d'herblay's picture

Since you seem to be operating in a vacuum, have no knowledge of the impact on the very people----- and those surrounding them who do not get a minimum income-----I'll down arrow you.

IF a national $15.00 per hour minimum income were to miraculously take effect tomorrow, as soon as you show up to put your 8 hours in at the Dairy Queen, what do you think would happen within 90 days?

If you can guess or know what is right i.e.,  what the outcome would be after 90 days, then you should be able to withdraw your post. 

 

(hint: think "No Price Freeze").

 

Mon, 08/04/2014 - 03:11 | 5042770 Canoe Driver
Canoe Driver's picture

Nothing affects the price of labor (wages) as profoundly as its supply. The laboring classes harm themselves by failing to understand the economic utility of child-rearing in an industrial economy. The simple fact is that those who can't earn a living wage are being immolated by overpopulation. When people are made to understand this, they always say, "well what are we gonna do, have no kids?" Not necessarily, but at least understand that you are choosing to be poor.

Pay increases alone will not do it, because they are inherently inflationary for labor. All pay increases cause offsetting price increases almost immediately. For the laboring classes, pay raises are intrinsically self-negating. For the owners of capital, increases in profit require increases in efficiency or production. If labor had to wait for a share of this increase, then wage increases would be rare, not annual, events.

Sat, 08/02/2014 - 21:32 | 5039199 djrichard
djrichard's picture

Toles is generally brilliant at countering the spin, especially the little Toles in the bottom corner of the panel.

Sat, 08/02/2014 - 21:54 | 5039258 EBT excepted
EBT excepted's picture

corp - "Were measuring the fundamentals of customer satisfaction".

cust - "But I'm not getting what I paid for".

corp - "That isn't one of the fundamentals".

Sun, 08/03/2014 - 00:49 | 5039602 worbsid
worbsid's picture

We all need a shot of Henry David Thoreau every once in a while.

Sun, 08/03/2014 - 01:15 | 5039634 tickhound
tickhound's picture

What the cartoon doesn't go on to say is that the dude pumps gas in the state of NJ cuz self serve was banned after it was discovered to be a job killer.

"And that is one of the fundamentals"

Sun, 08/03/2014 - 01:42 | 5039669 DaveA
DaveA's picture

The saddest part about not being a Christian is realizing that God doesn't care if you live or die.

Government cares, until they figure out they can buy more votes by giving my benefits to someone else.

Sun, 08/03/2014 - 08:16 | 5039918 innertrader
innertrader's picture

Bye Bye American Pie!!!

Sun, 08/03/2014 - 09:59 | 5040053 messymerry
messymerry's picture

Drove my Chevy to the levee, but the levee was dry...

Sun, 08/03/2014 - 09:47 | 5040039 AnAnonymous
AnAnonymous's picture

If that guy does not make enough to survive, it means he does not belong to the 'american' middle class.

This is an 'american' world and 'american' economics are not supposed to work for anyone but the 'american' middle class.

'American' economy fundamentals are good. Proof: it does not work for people it is not supposed to work for.

Sun, 08/03/2014 - 16:40 | 5041363 AdvancingTime
AdvancingTime's picture

A lack of understanding of basic business and economics has had a chilling effect on our economy. Small business, with two to ten employees, are becoming an  endangered species in America. The family business once the backbone of this country is under attack from the unintended consequences of the many laws and mandates passed in recent years.

Inspections, a plethora of permits, licenses, taxes, insurance requirements, and regulations make it almost impossible for a small business to open, compete, and operate legally. Big government has become toxic for small business. More on this subject in the article below.

http://brucewilds.blogspot.com/2012/03/small-bussiness-under-attack.html

Mon, 08/04/2014 - 03:09 | 5042779 bunnyswanson
bunnyswanson's picture

Brother Nathaneal would like to say a few words:

 

https://www.youtube.com/watch?v=WPKymVF57Mg

BRICS - Breaking the Jewish Money Power (5 min or so) 

Do NOT follow this link or you will be banned from the site!